Money is what the society accepts to be money. Human history has seen so many transformations when it comes to the subject of money.From barter trade to fiat money and now digital currency. But some nations are so rigid to change.well they will all regret soon because no country can stop cryptocurrency.
socially. people hope for this.. but reality is different.
take china. 1 billion people. america less than a third.
yet. when a chinese person comes to america they cant just say chinese currency is more popular around the world so here you go mr merchant take my chinese currency and give me my goods.
what has to happen is LAWS need to change. businesses are stuck with paying their staff based on minimum wage laws of the fiat of the country the staff work in, tax laws, even businesses accountants audit a businesses profitability based on fiat.
untill a business can handle paying staff, tax and getting to measure a businesses profits/margins in another currency in one fluid way without having the headaches of swapping back and forth. its not just a easy revolution of "accept this different currncy and give me the goods"
th easiest way to think about it is this
replace the word bitcoin for yuan... and then replace mainstream for america.. and ask yourself what does
mainstream need to do to successfully accept bitcoin
mindset:
america need to do to successfully accept yuan
you will find the answers of both actually be the same answer, and that answer is not just social choice /citizen revolution